Latest Direct Shipping Ore News

Global Lithium’s annual report captures a pivotal shift from lithium developer to takeover target, after the Manna-Nova integration study lifted estimated post-tax NPV8 to about A$946 million and cut funded pre-production capital by 59%. The proposed A$333 million Titan transaction offers shareholders cash value while leaving Manna’s development timetable subject to approvals, funding and execution.

Black Canyon has put a 36.1Mt manganese and iron resource behind its Wandanya development push, supported by promising beneficiation testwork and a 3.4km mineralised base case. The next test is whether the December Scoping Study can turn those geological results into a credible project case.

Polymetals Resources fell short of its September production plan as ventilation work and a switch to contract mining disrupted Endeavor Mine operations. The company is betting on the Upper Main Lode and higher December-quarter throughput to restore momentum, but unrestricted cash fell to A$7.4 million after the rehabilitation bond exchange.

Avenira’s approximately $48.9 million rights issue has received more than $44 million in applications and funds ahead of its 30 October close. The raise, combined with $85 million in debt facilities, is intended to fund the Wonarah Project’s direct shipping ore phase.

TG Metals has reported high-grade lithium intercepts at its Burmeister deposit, including 12.35 metres at 1.53% Li2O and individual intervals above 2%. Six composite samples also exceeded the company’s nominal direct shipping ore specification, although the project remains at an inferred-resource and pre-feasibility stage.

Australian Silica Quartz Group has completed a 200-tonne bulk sample at White Swan and is preparing 50 tonnes for shipment to prospective Chinese customers. The customer program is advancing, but ASQ held $912,000 in cash at quarter-end and estimated only 1.7 quarters of funding without proceeds from a Bindoon property sale.

Strike Resources swung to an $8.58 million FY2026 profit, largely through its stake in LE Minerals rather than iron ore operations. The company is also relying on a conditional Apurimac sale for cash while withdrawing its previously reported mineral resource estimate.

Lithium Plus Minerals has outlined a six-year underground direct shipping ore operation at Lei with a post-tax NPV of A$325 million and initial project capital of A$87.7 million. The attractive economics remain dependent on approvals, funding, resource conversion and a lithium price assumption that is not secured by a binding contract.

TG Metals has advanced its Van Uden gold development and Lake Johnston lithium project, including a high-return heap-leach study and a maiden 6.71Mt lithium resource. But the ASX explorer ended September with A$1.523 million in cash, equivalent to just 1.05 quarters of funding at the reported spending rate.

Estrella Resources has upgraded confidence in its Werumata limestone project, moving 274Mt into the Indicated category after expanding bulk-density data. The total resource falls to 533Mt from 621Mt, but the company says the change reflects revised density assumptions rather than less mineralised rock.

Accelerate Resources has completed three large-diameter diamond holes at its Area 42 manganese project, with visual mineralisation recorded in each hole. The standout hole covered a 72m downhole span and ended in mineralised chert breccia, but assays and metallurgical results are still pending.

Vanadium Resources has repositioned its Steelpoortdrift project around a proposed V-Iron plant producing pig iron and vanadium-bearing slag for Western markets. The strategy has secured a non-binding U.S. offtake framework and advanced site and funding work, but the auditor has flagged material uncertainty over the company’s ability to continue as a going concern.